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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
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Thane Man Loses Rs 47.47 Lakh In Cryptocurrency 'Investment' Scam
A 38-year-old man from Maharashtra's Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.
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Binance’s ‘Vote to List’ Feature for Community Polling on Token Listing Goes Live
Binance users can now participate in selecting which new tokens should be listed for trading on the platform. The exchange, through this feature, expects to address the challenge of identifying legitimate crypto tokens from the flood of altcoins in the market, through community efforts.
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BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks
The BWA has launched a new initiative called the “Crypto SAFE Campaign” to educate users on responsible investing patterns and the importance of Do Your Own Research (DYOR). For the next three months, BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.
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Man Wanted By US For Rs 83,00,00,00,00,000 Crypto Fraud Arrested In Kerala
Garantex facilitated money laundering to the tune of at least $96 billion in cryptocurrency transactions by transnational criminal organisations and violated sanctions.
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WazirX Partners With BitGo for Asset Custody Services Amid Ongoing Financial Restructuring
On Wednesday, March 12, WazirX announced BitGo as its official asset custodian. Through this partnership, WazirX will leverage BitGo’s institutional-grade infrastructure, multi-signature wallets, and insurance coverage of up to $250 million (approximately Rs. 2,180 crore) to restore community trust.
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Coinbase Gains FIU-India Registration, Highlights India's On-Chain Talent
On Tuesday, March 11 the US-based crypto exchange said it has completed its registration with India’s Financial Intelligence Unit (FIU). In the coming months, the exchange plans to introduce new retail services alongside additional products and investment offerings in India.
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India Added 4.7 Million Web3 Developers in 2024, Set to Surpass US: Hashed Emergent
In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. According to the India Web3 Landscape Report (2024) by Hashed Emergent, 45.3 percent contribute code, 29.7 percent fix bugs, and 22.4 percent focus on documentation.
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Dantewada City Teams Up with Zupple Labs to Migrate 7 Lakh Land Records to Avalanche
Dantewada’s district administration has partnered with Bengaluru-based Zupple Labs to migrate seven lakh land records to the Avalanche blockchain. This move aims to ensure permanent, tamper-proof records while enabling secure and authentic verification for authorities and residents.
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ED Partners with CoinDCX for Custody Management of Seized Assets
The Enforcement Directorate (ED) has partnered with CoinDCX to manage the custody of crypto assets seized in ongoing investigations. CoinDCX will deploy a specialised team trained in advanced security protocols to assist the ED.
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PwC India Launches Startup Challenge for Emerging Web3 and AI Projects: All Details
On March 3, PwC India launched the ‘Emerging Tech Startup Challenge’ to support promising startups in blockchain, space, AI, and other sectors. Applications are open from March 5 to May 5, with 15 startups to be shortlisted for the three-month program.
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Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
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GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
-
Thane Man Loses Rs 47.47 Lakh In Cryptocurrency 'Investment' Scam
A 38-year-old man from Maharashtra's Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.
-
Binance’s ‘Vote to List’ Feature for Community Polling on Token Listing Goes Live
Binance users can now participate in selecting which new tokens should be listed for trading on the platform. The exchange, through this feature, expects to address the challenge of identifying legitimate crypto tokens from the flood of altcoins in the market, through community efforts.
-
BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks
The BWA has launched a new initiative called the “Crypto SAFE Campaign” to educate users on responsible investing patterns and the importance of Do Your Own Research (DYOR). For the next three months, BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.
-
Man Wanted By US For Rs 83,00,00,00,00,000 Crypto Fraud Arrested In Kerala
Garantex facilitated money laundering to the tune of at least $96 billion in cryptocurrency transactions by transnational criminal organisations and violated sanctions.
-
WazirX Partners With BitGo for Asset Custody Services Amid Ongoing Financial Restructuring
On Wednesday, March 12, WazirX announced BitGo as its official asset custodian. Through this partnership, WazirX will leverage BitGo’s institutional-grade infrastructure, multi-signature wallets, and insurance coverage of up to $250 million (approximately Rs. 2,180 crore) to restore community trust.
-
Coinbase Gains FIU-India Registration, Highlights India's On-Chain Talent
On Tuesday, March 11 the US-based crypto exchange said it has completed its registration with India’s Financial Intelligence Unit (FIU). In the coming months, the exchange plans to introduce new retail services alongside additional products and investment offerings in India.
-
India Added 4.7 Million Web3 Developers in 2024, Set to Surpass US: Hashed Emergent
In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. According to the India Web3 Landscape Report (2024) by Hashed Emergent, 45.3 percent contribute code, 29.7 percent fix bugs, and 22.4 percent focus on documentation.
-
Dantewada City Teams Up with Zupple Labs to Migrate 7 Lakh Land Records to Avalanche
Dantewada’s district administration has partnered with Bengaluru-based Zupple Labs to migrate seven lakh land records to the Avalanche blockchain. This move aims to ensure permanent, tamper-proof records while enabling secure and authentic verification for authorities and residents.
-
ED Partners with CoinDCX for Custody Management of Seized Assets
The Enforcement Directorate (ED) has partnered with CoinDCX to manage the custody of crypto assets seized in ongoing investigations. CoinDCX will deploy a specialised team trained in advanced security protocols to assist the ED.
-
PwC India Launches Startup Challenge for Emerging Web3 and AI Projects: All Details
On March 3, PwC India launched the ‘Emerging Tech Startup Challenge’ to support promising startups in blockchain, space, AI, and other sectors. Applications are open from March 5 to May 5, with 15 startups to be shortlisted for the three-month program.
-
Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
-
GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
